Binance CEO, Changpeng Zhao Dismisses Interpol Red Notice

In response to claims that he is included on Interpol’s red notice list, the founder and Chief Executive Officer of Binance, Changpeng Zhao (CZ) has dismissed the information, stating that it is a FUD.

FUD is an abbreviation that stands for Fear, Uncertainty and Doubt. The abbreviation is commonly used among cryptocurrency enthusiasts. 

Investors King understands that a red notice is a request sent to law enforcement agencies all around the globe, instructing them to find and temporarily arrest a person awaiting extradition, surrender, or comparable legal action.

Before the clarification, rumours emerged on crypto Twitter that Interpol has put out a “Red Notice” for Changpeng Zhao. There was a post that depicts a photo of Binance CEO Changpeng Zhao (CZ) on the red notice web page of Interpol, which gives the impression that the cryptocurrency giant is dealing with significant legal troubles.

The rumours started to spread on social media after Twitter personality ‘Cobie’ shared a crypto transaction that came with an on-chain message claiming that CZ was facing an Interpol Red Notice.

Without wasting time, several news outlets quickly picked up the story, which led to panic among the crypto community. It triggered a sharp drop in the price of Binance’s BNB token as well as the broader market.

However, in a tweet on Tuesday, Changpeng “CZ” Zhao denounced claims that he was facing a Red Notice request issued by The International Criminal Police Organization. He even shared a photo of the alleged Red Notice, clarifying that the picture was photoshopped.

Responding to the rumours, CZ stated that the picture has been digitally altered.

“If you panic sell on false information or photographs that have been altered, you probably won’t get wealthy. Put a stop to the sources of FU,” he tweeted. 

Meanwhile, Binance has been under increasing scrutiny from regulators around the world in recent months, with its US business being the most vulnerable to ongoing crackdowns by the Securities and Exchange Commission (SEC).